Online Reporter
Mukudzei Chingwere in JOHANNESBURG, South Africa
ZIMBABWE’S participation at the 20th edition of the G20 summit is a firm chance to lure the bottomless global financing pockets to take a crack at the fledgling local economy, Vice President Dr Constantino Chiwenga has said.
He made the pronouncement upon touching down here at the pulse of the continental economy ahead of official proceedings for the G20 groupings slated for the weekend.
The G20 is made up of 19 countries, the European Union and has since 2023 added the African Union, thus bringing together 85 percent of global Gross Domestic Product, 75 percent of international trade, and two-thirds of the world’s population.
At the express invitation of the current rotational chair, President Cyril Ramaphosa of South Africa, Zimbabwe finds itself in a spot of global financial interest as funders and financiers gather to discuss a globally inclusive and enduring economic dispensation. It also comes at the most opportune moment for a country that is pacing up with economic development and inclusion and has made a case for being one of the leading safe capital destinations on the African continent.
Speaking to journalists yesterday, VP Chiwenga was quick to counsel on the magnitude of the summit in the global economy and the endless possibilities that Zimbabwe might accrue from it.
“His Excellency, President Dr Emmerson Dambudzo Mnangagwa, was invited by his brother, President Cyril Ramaphosa, as South Africa hosts the G20,” said VP Chiwenga. “The President has sent me to represent him. We are here as invitees; we are not members of the G20. However, we are seizing this opportunity to engage with a group that controls 85 percent of global Gross Domestic Product, 75 percent of international trade and two-thirds of the world’s population. This assembly represents the most critical gathering of world leaders, and we are committed to making a strong case for our country,” said VP Chiwenga.
Vice President Chiwenga is also scheduled to meet his South African counterpart Paul Mashatile on the sidelines of the summit. With economic challenges intensifying globally, the summit serves as a critical venue for Zimbabwe to advocate for its interests and seek support as well as partnerships from more affluent economies.
